BELLEWAR AUTO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BELLEWAR AUTO
Largest movements
- Receivables within one year +€181,775
up €181,775 (+8220.5%), from €2,211 to €183,987
of which Trade receivables: +€177,219
- Cash +€20,156
up €20,156 (+53562.7%), from €38 to €20,193
mainly Trade debts (+€117,038) and Net result for the year (+€95,725)
- Tangible fixed assets +€8,000
new in 2025: €8,000
- Trade debts +€117,038
up €117,038 (+10989.7%), from €1,065 to €118,103
- Profit (loss) carried forward +€95,725
up €95,725, from -€7,376 to €88,350
- Gross operating margin +€101,864
up €101,864, from -€3,667 to €98,198
- Depreciation +€1,696
up €1,696 (+558.6%), from €304 to €2,000
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,249 | €214,180 | +€211,931 | +9423.9% |
| Fixed assets | 21/28 | - | €8,000 | +€8,000 | |
| Tangible fixed assets | 22/27 | - | €8,000 | +€8,000 | |
| Plant, machinery and equipment | 23 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €2,249 | €206,180 | +€203,931 | +9068.2% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €2,211 | €183,987 | +€181,775 | +8220.5% |
| Trade receivables | 40 | - | €177,219 | +€177,219 | |
| Other amounts receivable | 41 | €2,211 | €6,768 | +€4,557 | +206.1% |
| Cash at bank and in hand | 54/58 | €38 | €20,193 | +€20,156 | +53562.7% |
| Total equity and liabilities | 10/49 | €2,249 | €214,180 | +€211,931 | +9423.9% |
| Equity | 10/15 | -€2,012 | €93,713 | +€95,725 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €363 | €363 | = | 0.0% |
| Non-distributable reserves | 130/1 | €363 | €363 | = | 0.0% |
| Reserves not available under the articles | 1311 | €363 | €363 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,376 | €88,350 | +€95,725 | |
| Amounts payable | 17/49 | €4,261 | €120,467 | +€116,206 | +2727.0% |
| Amounts payable within one year | 42/48 | €4,261 | €120,467 | +€116,206 | +2727.0% |
| Trade debts | 44 | €1,065 | €118,103 | +€117,038 | +10989.7% |
| Suppliers | 440/4 | €1,065 | €118,103 | +€117,038 | +10989.7% |
| Taxes, remuneration and social security | 45 | - | €701 | +€701 | |
| Taxes | 450/3 | - | €701 | +€701 | |
| Other amounts payable | 47/48 | €3,196 | €1,663 | -€1,534 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €2,000 | +€1,696 | +558.6% |
| Gross operating margin | 9900 | -€3,667 | €98,198 | +€101,864 | |
| Operating profit (loss) | 9901 | -€3,970 | €96,198 | +€100,168 | |
| Financial charges | 65/66B | €429 | €472 | +€43 | +10.1% |
| Recurring financial charges | 65 | €429 | €472 | +€43 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,399 | €95,725 | +€100,125 | |
| Profit (loss) for the period | 9904 | -€4,399 | €95,725 | +€100,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,399 | €95,725 | +€100,125 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.